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Two new restaurants have opened in Mizner Park in the last few the mid-priced Italian restaurant Villagio and Tex-Me x eatery Uncle Julio’s. Todd Conger, president and COO of Unclew Julio’s, said: “We researched a number of locationa in theBoca Raton/Palm Beach County area, and determined that Miznere Park was our top choice. The center is a thriving entertainment destination, and our location within the near the andthe amphitheatre, is ideal for our Downtown Miami’s Bayside has lost a lot of mom-and-popl stores as a result of the replacing them with some nationa l brands like Kipling, tenants said.
In addition to Bayside and Miznedr Park, GGP owns two othefr South Florida properties: the Villagre of Merrick Park in Coral Gables and Pembrok Lakes Mall inPembroke Pines. None of the local propertiea are part ofthe bankruptcy, accordin g to the company’s Web Mizner Park continues to perfor m well, despite the downturn, and is at 92 percent occupancy, according to , a real estate informatiohn company. “We are continuing to Mizner Park GM JacobSappenfield said. “Dealxs are still being done, and it’s business as usuakl for us.
” At a hotspot for cruise line tourists durinh the week and locals onthe weekends, foot trafficv has gone down significantly, said Debra Martins, who took a part-tims job at Clarks at Baysider because her full-time job at the Gap in Aventura was not coverinh the bills. Bayside has been up for sale forseveralp weeks. “I don’t see how the mom-and-popss could survive,” Martins said of the tenant turnoverat “Business has been shaky.
” At the Guessw store, Matt Meyers said GGP raised rates at Bayside’s parking garage and eliminatesd employee discounts on parking prior to its bankruptcy He has also noticed a drop in especially from the cruise Retail experts agree that the performanc of GGP’s retail portfolio is not the company’es problem. The company has been working since late last year to restructurwits debt. One of its most ambitious and weightyh financial decisions occurred in when GGPpaid $11.3 billion to buy commercial developef , then-owner of Bayside, which has 226,0009 square feet of retail and is 95 percent leased. In what is beingt called the biggest real estate failursin U.S.
history, GGP, the nation’s second-largest owner of shoppint malls, said April 16 that it had filed for Chapter 11bankruptcy protection. The which owns or managesd about 200 malls in44 states, said it was not able to get its debt holdere to give it more time to refinance its GGP listed $29.5 billion in total assetsa and about $27.3 billio in debt. In addition to the about 158 of its regional shoppingt centers and certain subsidiaries have also filed for The company said on its Web site thatcertain subsidiaries, includingg GGP’s third-party management business conducted by General Growth and GGP’s joint ventures also have not filed for “Over many months, the company has endeavored to negotiatr with its unsecured and secured creditors to obtainh the time needed to develop a long-term solutio n to the credit crisis facing the the statement said.
“Unable to reach an out-of-courg consensus, the company reluctantly concluded that restructuring under the protection of the bankruptct courtwas necessary.” Marc Boucher is president of , which has officess in Coral Gables and Boca Raton. SEC owns and managesw dozens of retailshopping centers, most of which are -anchored. Those typesd of properties, which include retailers sellingaffordable necessities, continue to do The overall retail market, however, is with the high-end stores taking some of the biggest Boucher said Mizner Park, which traditionally has caterede to a high-end clientele, is buckingv the trend.
“It has some stable tenants,” he “Mizner has been around 15 or 20year now. It’s a center that has
Thursday, September 29, 2011
Tuesday, September 27, 2011
WL Ross, Yucaipa invest $100M in Amalgamated Bank - BusinessWeek
lkinibim.blogspot.com
Citybizlist | WL Ross, Yucaipa invest $100M in Amalgamated Bank BusinessWeek Yucaipa, led by billionaire investor Ron Burkle, and WL Ross, led by billionaire investor Wilbur Ross, will each own about 20 percent of Amalgamated's common stock. The deals are subject to regulatory and shareholder approvals, and are expected to ... Magic Johnson among Amalgamated's investors Business briefs Amalgamated Bank Announces Equity Investments Totaling About $100 Million from ... |
Sunday, September 25, 2011
Mixed signals toward the ex-wife - Washington Post
Jenn-air Refrigerators
Mixed signals toward the ex-wife Washington Post Dear Carolyn: My husband and I have been married for 15 years. He was married to his first wife for 20 years. It was not an amicable divorce. He resents having to pay her part of his retirement and he recently referred to her to friends ... Carolyn Hax: Hubby should share opinion of wedding Hax: Stop watching the news and let mom live her life |
Friday, September 23, 2011
Continents influenced human migration, spread of technology - Spero News
edibin.wordpress.com
Continents influenced human migration, spread of technology Spero News "If a lack of gene flow between populations is an indication of little cultural interaction," the authors write in the American Journal of Physical Anthropology, "then a lower latitudinal rate of gene flow suggested for North American populations may ... |
Tuesday, September 20, 2011
J. Jill to close one Jacksonville store - Puget Sound Business Journal (Seattle):
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Nine of the 75 stores to be closedr arein Florida, including the one in The Avenues mall. A seconde Jacksonville J. Jill location at the St. Johnz Town Center will remain In a statement announcing the Talbots President and CEO Trud y Sullivan saidit “enables us to focus our resources and attention exclusively on rejuvenating our core Talbots brandf and return to profitable The transaction includes the transfer of certain assets and liabilities to the buyer, including a distribution center in New the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectualk property and inventories.
The remaining 204 stores will continu to operate underthe J. Jill brand. The headquarters for the company will remainin Quincy. The J. Jill sale is expected to be completex in the second quarter and is subjecf to postclosing adjustments. San Francisco based-Goldenh Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitionh was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardyg of losing their jobs when the swimweadr and ladies apparel company lost its With its latest catalog recently being Venus employees arestill working, at leasy for now, and companyu executives are looking for a new buyer to acquirre the company.
Nine of the 75 stores to be closedr arein Florida, including the one in The Avenues mall. A seconde Jacksonville J. Jill location at the St. Johnz Town Center will remain In a statement announcing the Talbots President and CEO Trud y Sullivan saidit “enables us to focus our resources and attention exclusively on rejuvenating our core Talbots brandf and return to profitable The transaction includes the transfer of certain assets and liabilities to the buyer, including a distribution center in New the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectualk property and inventories.
The remaining 204 stores will continu to operate underthe J. Jill brand. The headquarters for the company will remainin Quincy. The J. Jill sale is expected to be completex in the second quarter and is subjecf to postclosing adjustments. San Francisco based-Goldenh Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitionh was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardyg of losing their jobs when the swimweadr and ladies apparel company lost its With its latest catalog recently being Venus employees arestill working, at leasy for now, and companyu executives are looking for a new buyer to acquirre the company.
Sunday, September 18, 2011
Abele's $11M tops insider selling in Feb. - Silicon Valley / San Jose Business Journal:
ysynut.wordpress.com
million in company shares in February, accountinf for nearly a third ofthe $36 million in stock sold by Massachusettws insiders for the month. February’s insider stoci sales were down 39 percent fromthe $59 millionm logged by executives, directors and major shareholders in Massachusetts companies in Still, February’s selling activity far overshadowed the $468,000 in insided purchases during the same span. That buying activity does not accounyt fora $7.5 million investmen by private equity investor Blum Capital in media-software developef (Nasdaq: AVID) that closed Feb. 21, according to tradingh data providedby .
For Abele, February’s activity brought his totao sales in Boston Scientific stock to justover $27.t million in 2009. Abele sold another $162.7 millio n in Boston Scientific stock during the fourth quarterof 2008. Company co-founderr Peter Nicholas, who shed more than $301.5 million in Boston Scientifixc stockbetween Oct. 1 and Jan. 31, did not register any salesx in February, Thomson Reuters records show. Other majoe Massachusetts sellers in February includedcBrad Nutter, chairman and CEO of (NYSE: who sold roughly $6 millionh in company stock last (Nasdaq: BECN) Chairman and CEO Rober t Buck, who sold $2.
4 million in company stock; and Davi Donatelli, the head of ’s (NYSE: EMC) storage division, who sold just shy of $2 millio n in company stock. Insider stock Name: Abele, John E. Company: Bostoj Scientific Corp. Value of sale: $11,332,450 Nutter, Brad Haemoneticw Corp. $5,984,950 Buck, Robert R. Beacon Roofing Supply Inc. $2,400,70 0 Donatelli, David A. EMC Corp. $1,974,263e Smith, Ian $1,538,208 Lewis, Mark EMC $1,222,790 Taiclet, James Jr.
$1,215,600 Mollen, John EMC
million in company shares in February, accountinf for nearly a third ofthe $36 million in stock sold by Massachusettws insiders for the month. February’s insider stoci sales were down 39 percent fromthe $59 millionm logged by executives, directors and major shareholders in Massachusetts companies in Still, February’s selling activity far overshadowed the $468,000 in insided purchases during the same span. That buying activity does not accounyt fora $7.5 million investmen by private equity investor Blum Capital in media-software developef (Nasdaq: AVID) that closed Feb. 21, according to tradingh data providedby .
For Abele, February’s activity brought his totao sales in Boston Scientific stock to justover $27.t million in 2009. Abele sold another $162.7 millio n in Boston Scientific stock during the fourth quarterof 2008. Company co-founderr Peter Nicholas, who shed more than $301.5 million in Boston Scientifixc stockbetween Oct. 1 and Jan. 31, did not register any salesx in February, Thomson Reuters records show. Other majoe Massachusetts sellers in February includedcBrad Nutter, chairman and CEO of (NYSE: who sold roughly $6 millionh in company stock last (Nasdaq: BECN) Chairman and CEO Rober t Buck, who sold $2.
4 million in company stock; and Davi Donatelli, the head of ’s (NYSE: EMC) storage division, who sold just shy of $2 millio n in company stock. Insider stock Name: Abele, John E. Company: Bostoj Scientific Corp. Value of sale: $11,332,450 Nutter, Brad Haemoneticw Corp. $5,984,950 Buck, Robert R. Beacon Roofing Supply Inc. $2,400,70 0 Donatelli, David A. EMC Corp. $1,974,263e Smith, Ian $1,538,208 Lewis, Mark EMC $1,222,790 Taiclet, James Jr.
$1,215,600 Mollen, John EMC
Friday, September 16, 2011
North Shore theater likely to liquidate - Houston Business Journal:
qozito.wordpress.com
Theater executives announced Tuesday that the financially distresses theater has failed to raisethe $2 milliohn it needed to put on 2009 although more than $500,000 in pledges have been made sinc the theater announced a turn-around strategt in mid April. “The thing we know is that we’re not puttinv on a 2009 season. I think the very likelhy consequence of that is that we will very quicklh go outof business,” said Davis Fellows, chairman of the North Shore Musicc Theatre board.
“Whether it’s Chapter 11 or Chapter 7 it’s completely up in the air at the Without a production seasonthis year, the theater is unablw to address the substantial debts of its creditors and restored the theater’s economic health, said The theater is approximately $10 million in including large mortgages on its propertt and buildings and debtsa to vendors, the Statw of Massachusetts, and subscribers who paid in advanced for the 2009 Fellows said most of the theater’sa 4,400 subscribers are unlikely to get theie money returned. Subscriptions cost upwarde of $350 per seat.
Theater executiveds are in discussions with senior creditors and are reviewing a liquidation to maximize the value ofthe theater’ss assets for its stakeholders as well as identifhy potential “friendly” buyers of the property who mightg consider a lease back of the theater, Fellows
Theater executives announced Tuesday that the financially distresses theater has failed to raisethe $2 milliohn it needed to put on 2009 although more than $500,000 in pledges have been made sinc the theater announced a turn-around strategt in mid April. “The thing we know is that we’re not puttinv on a 2009 season. I think the very likelhy consequence of that is that we will very quicklh go outof business,” said Davis Fellows, chairman of the North Shore Musicc Theatre board.
“Whether it’s Chapter 11 or Chapter 7 it’s completely up in the air at the Without a production seasonthis year, the theater is unablw to address the substantial debts of its creditors and restored the theater’s economic health, said The theater is approximately $10 million in including large mortgages on its propertt and buildings and debtsa to vendors, the Statw of Massachusetts, and subscribers who paid in advanced for the 2009 Fellows said most of the theater’sa 4,400 subscribers are unlikely to get theie money returned. Subscriptions cost upwarde of $350 per seat.
Theater executiveds are in discussions with senior creditors and are reviewing a liquidation to maximize the value ofthe theater’ss assets for its stakeholders as well as identifhy potential “friendly” buyers of the property who mightg consider a lease back of the theater, Fellows
Wednesday, September 14, 2011
Xanodyne announces new president, equity financing - Washington Business Journal:
stelauguqdinec.blogspot.com
Valentino was most recently president and CEO ofNew Jersey-base , which was acquired in 2008 by British firm Recketty Benckiser. He has held management positions with major drug including Alpharma, Novartis, Pharmacia/Upjohn and Warner Lambert. Valentino replaces Williamj Nuerge, who was named CEO of Xanodyne in 2004 and left the compan yin 2007. Xanodyne’s prioritiea will be to bring to market its Zipso acutepain treatment, and a drug in development for heavy menstrual bleeding, Valentinoi said in a news release. The company also said it completef $38 million in equity financing, led by , a Boston-basec health care equity firm.
Other investors in the company includAIG Investments’ sponsored funds, Aisling Capital, Blue Chip Venturde Co., Essex Woodlands, HealthCars Ventures LLC and Union Springs. “Mike bringd major pharmaceutical and commercial experiencwe to the team while the financinv brings critical resources needed forthe launches,” said Rolf board chairman, in the Xanodyne, based in Newport, is a specialt y pharmaceutical company focused on treatmentsa for women’s health care and pain
Valentino was most recently president and CEO ofNew Jersey-base , which was acquired in 2008 by British firm Recketty Benckiser. He has held management positions with major drug including Alpharma, Novartis, Pharmacia/Upjohn and Warner Lambert. Valentino replaces Williamj Nuerge, who was named CEO of Xanodyne in 2004 and left the compan yin 2007. Xanodyne’s prioritiea will be to bring to market its Zipso acutepain treatment, and a drug in development for heavy menstrual bleeding, Valentinoi said in a news release. The company also said it completef $38 million in equity financing, led by , a Boston-basec health care equity firm.
Other investors in the company includAIG Investments’ sponsored funds, Aisling Capital, Blue Chip Venturde Co., Essex Woodlands, HealthCars Ventures LLC and Union Springs. “Mike bringd major pharmaceutical and commercial experiencwe to the team while the financinv brings critical resources needed forthe launches,” said Rolf board chairman, in the Xanodyne, based in Newport, is a specialt y pharmaceutical company focused on treatmentsa for women’s health care and pain
Monday, September 12, 2011
Milacron, Inc. Company Profile | MZ Company Information
efimtsovavadan.blogspot.com
In a marketplace of unprecedented Milacron Inc. continues to make a genuine impact on everyonewe serve. Firstt incorporated in 1884, Milacron is a leading globa l supplierof plastics-processing technologies and industrial fluids, with majo manufacturing facilities in North America, Europee and Asia. But we're a lot more than machines and We know what mattersin manufacturing, and evergy day we're putting this knowhos to work helping customers improve theitr productivity, cut costs, increase energy eliminate scrap and reduce cycle Ours is a culturew and tradition of inventing new ways to bring valuee to our customers.
And over the last few we've been strengthening our company's ability to do just Under the leadership of ournew CEO, Dave we continue rising to our customers' evolvinvg challenges. It's a commitmeng shared by every employee throughout ourPlasticsa Machinery, Mold Technologies and Industriao Fluids businesses. Here are just a few of the ways we'rwe making a genuine impact: Plastics Machinery designa and builds the machined that produce dashboardsfor automobiles, composited decking for homes, water bottles, sterile supplied for the medical industry, and thousands of otherd products that consumers use ever day.
Our long-term customer relationships and deep-rooted industrh experience equip us with a thorough understanding of what plastice manufacturers needto succeed. ...
In a marketplace of unprecedented Milacron Inc. continues to make a genuine impact on everyonewe serve. Firstt incorporated in 1884, Milacron is a leading globa l supplierof plastics-processing technologies and industrial fluids, with majo manufacturing facilities in North America, Europee and Asia. But we're a lot more than machines and We know what mattersin manufacturing, and evergy day we're putting this knowhos to work helping customers improve theitr productivity, cut costs, increase energy eliminate scrap and reduce cycle Ours is a culturew and tradition of inventing new ways to bring valuee to our customers.
And over the last few we've been strengthening our company's ability to do just Under the leadership of ournew CEO, Dave we continue rising to our customers' evolvinvg challenges. It's a commitmeng shared by every employee throughout ourPlasticsa Machinery, Mold Technologies and Industriao Fluids businesses. Here are just a few of the ways we'rwe making a genuine impact: Plastics Machinery designa and builds the machined that produce dashboardsfor automobiles, composited decking for homes, water bottles, sterile supplied for the medical industry, and thousands of otherd products that consumers use ever day.
Our long-term customer relationships and deep-rooted industrh experience equip us with a thorough understanding of what plastice manufacturers needto succeed. ...
Saturday, September 10, 2011
BofA raises almost all of $33.9B buffer - Sacramento Business Journal:
http://dancingpoetry.com/danceformsphotos/additionaldpfinfo.html
billion. Last month, BofA sold $13.5 billiohn in common stock. The bank issued 1.25 billion shares at an average priceof $10.77 per BofA also sold a 5.7 percent stake in to Asiahn investors for a gain of $4.5 In addition, BofA has agreed to exchange $9.5 billion in preferresd shares for 704 million shares of common BofA says it will garned $1.3 billion from reduced dividendsx on the preferred shares. The exchange doesn’tf apply to preferred shares held by thefederak government. So far, BofA has boosted its Tier 1 common capitallby $2.1 billion by reducing a deferrex tax-asset deduction. And, the bank says it has gained anadditional $2 billion from the disposition of assets.
As part of the company’ws capital plan, it could issue up to an additional 296 milliohcommon shares. “We are pleased to have nearly reache our goalthis quickly,” says Joe Price, chieg financial officer. The government said BofA had toraisew $33.9 billion after conducting “stress tests” on the country’es 19 largest banks. The testsx were designed to assessthe banks’ abilith to survive if economic conditions worsen more than expected durinv the next two years. BofA has received a totalp of $45 billion in taxpayer aid under thefederaol government’s Troubled Asset Relief Program, whicb is designed to thaw the creditt markets and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-year notes on May 8 and $2.5 billion in 10-yeae notes on May 28 without guarantees.
billion. Last month, BofA sold $13.5 billiohn in common stock. The bank issued 1.25 billion shares at an average priceof $10.77 per BofA also sold a 5.7 percent stake in to Asiahn investors for a gain of $4.5 In addition, BofA has agreed to exchange $9.5 billion in preferresd shares for 704 million shares of common BofA says it will garned $1.3 billion from reduced dividendsx on the preferred shares. The exchange doesn’tf apply to preferred shares held by thefederak government. So far, BofA has boosted its Tier 1 common capitallby $2.1 billion by reducing a deferrex tax-asset deduction. And, the bank says it has gained anadditional $2 billion from the disposition of assets.
As part of the company’ws capital plan, it could issue up to an additional 296 milliohcommon shares. “We are pleased to have nearly reache our goalthis quickly,” says Joe Price, chieg financial officer. The government said BofA had toraisew $33.9 billion after conducting “stress tests” on the country’es 19 largest banks. The testsx were designed to assessthe banks’ abilith to survive if economic conditions worsen more than expected durinv the next two years. BofA has received a totalp of $45 billion in taxpayer aid under thefederaol government’s Troubled Asset Relief Program, whicb is designed to thaw the creditt markets and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-year notes on May 8 and $2.5 billion in 10-yeae notes on May 28 without guarantees.
Wednesday, September 7, 2011
Chrysler to restart Kenosha engine plant - The Business Journal of Milwaukee:
obesonuqa.wordpress.com
The Auburn Hills-Mich.-based automaker idled all its plants when it file d for Chapter 11 bankruptc yApril 30. Chrysler said factories in Michigan, Missouri, Canada and Mexico would resumes operationsJune 29. A Dodgs plant in Detroit had already resumeds operationson Monday. Chrysler emerged from its Chapterr 11 bankruptcy onJune 10, with the company’sz assets being transferred to a new corporation operated by . The reorganization plan remade the company into one owned 55 perceng by a unionpension trust, 20 percenyt owned by Fiat — a sharr that could grow to 35 percent and the rest owned by the governmentsa of the United States and Canada.
Fiat canno t obtain a majority stake in Chrysler until all taxpayef fundsare repaid. Chrysler had intended to closwe its engine plant in Kenosha in 2010 undetrthe reorganization.
The Auburn Hills-Mich.-based automaker idled all its plants when it file d for Chapter 11 bankruptc yApril 30. Chrysler said factories in Michigan, Missouri, Canada and Mexico would resumes operationsJune 29. A Dodgs plant in Detroit had already resumeds operationson Monday. Chrysler emerged from its Chapterr 11 bankruptcy onJune 10, with the company’sz assets being transferred to a new corporation operated by . The reorganization plan remade the company into one owned 55 perceng by a unionpension trust, 20 percenyt owned by Fiat — a sharr that could grow to 35 percent and the rest owned by the governmentsa of the United States and Canada.
Fiat canno t obtain a majority stake in Chrysler until all taxpayef fundsare repaid. Chrysler had intended to closwe its engine plant in Kenosha in 2010 undetrthe reorganization.
Monday, September 5, 2011
Bay National to issue up to $12M in stock - Minneapolis / St. Paul Business Journal:
oryzacody.wordpress.com
Since February, the bank has been operatingb under a consent agreement with federal regulatords that requires it to boost its reservezs as part of a turnaround plan that also includew resolving problem real estate loans on its Bay National, (NASDAQ: BAYN) whichb regulators consider “adequately capitalized,” has poste d six consecutive quarterly losses. The bank has strugglex over the past 18 monthsx asa once-promising initiative to write mortgagez for customers interested in buying and rehabbing residential propertiesw in hot Baltimore neighborhoods like Federal Hill and Cantob tanked in a tumbling real estate market.
Some customers had a hard time repayin g their loans as the value of their properties and the bank has been busy tryinyg to reworkthose “We had some very difficult but we feel the worst of that is behinc us,” Hugh W. Mohler, Bay National’s CEO, told shareholderds Tuesday. “Our future is bright,” Mohler added. “We need to raise some capitapl and take itfrom there.” The bank has hiref LLC of Vienna, Va. to advisw it on the private placement of the which will be offeredat $2 each. The thinlyt traded shares have been as low as 52 centxs and as highas $9.25 over the past 52 In their last trade, which was on the shares sold for $1.21.
Earlier this month, Bay Nationa l announced it lost $884,000, or 41 cents a for the first quarter of the an improvement fromthe $1.49 or 69 cents a share, it lost in the firsrt three months of 2008. Shareholders on Tuesday also approvedd boostingthe company’s number of shareds outstanding to 20 million from the current 9 milliobn and reelected all five directors who were up for 3-yeare terms including Mohler, R. Michael Gill, Donald G. McClure Jr., Roberft L. Moore and H. Victor Rieger Jr. Shareholderes also ratified the appointment ofStegman & Co. as the company’s auditors.
Since February, the bank has been operatingb under a consent agreement with federal regulatords that requires it to boost its reservezs as part of a turnaround plan that also includew resolving problem real estate loans on its Bay National, (NASDAQ: BAYN) whichb regulators consider “adequately capitalized,” has poste d six consecutive quarterly losses. The bank has strugglex over the past 18 monthsx asa once-promising initiative to write mortgagez for customers interested in buying and rehabbing residential propertiesw in hot Baltimore neighborhoods like Federal Hill and Cantob tanked in a tumbling real estate market.
Some customers had a hard time repayin g their loans as the value of their properties and the bank has been busy tryinyg to reworkthose “We had some very difficult but we feel the worst of that is behinc us,” Hugh W. Mohler, Bay National’s CEO, told shareholderds Tuesday. “Our future is bright,” Mohler added. “We need to raise some capitapl and take itfrom there.” The bank has hiref LLC of Vienna, Va. to advisw it on the private placement of the which will be offeredat $2 each. The thinlyt traded shares have been as low as 52 centxs and as highas $9.25 over the past 52 In their last trade, which was on the shares sold for $1.21.
Earlier this month, Bay Nationa l announced it lost $884,000, or 41 cents a for the first quarter of the an improvement fromthe $1.49 or 69 cents a share, it lost in the firsrt three months of 2008. Shareholders on Tuesday also approvedd boostingthe company’s number of shareds outstanding to 20 million from the current 9 milliobn and reelected all five directors who were up for 3-yeare terms including Mohler, R. Michael Gill, Donald G. McClure Jr., Roberft L. Moore and H. Victor Rieger Jr. Shareholderes also ratified the appointment ofStegman & Co. as the company’s auditors.
Saturday, September 3, 2011
Fred
ufazywyve.wordpress.com
The Memphis-based discount retailefr reported salesof $134.7 million for May, down 6 percentg compared to sales of $143.4 millio n in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding thoses stores, Fred’s sales increased 1 percent compared tolast May. Comparable store sales in May rose 0.2 percent, down comparedx to 3.4 percent in the same periodd last year. For the first four fiscall monthsof 2009, the companh reported total sales of $593.1 million, down 2.4 percen compared to $607.7 million for the same year-ag period.
However, excluding stores closed in sales from ongoing stores increased 4 percent comparedc to thesame four-month period last On a comparable store basis, year-to-date sales increased 2.1 percentf compared to 2.4 percent last year. Fred’s opened one new pharmacg in May. Fred’s operates 666 discounr merchandise stores, including 24 franchised stores nationwide. Shares closed down 12 cents to $14.
22 per share
The Memphis-based discount retailefr reported salesof $134.7 million for May, down 6 percentg compared to sales of $143.4 millio n in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding thoses stores, Fred’s sales increased 1 percent compared tolast May. Comparable store sales in May rose 0.2 percent, down comparedx to 3.4 percent in the same periodd last year. For the first four fiscall monthsof 2009, the companh reported total sales of $593.1 million, down 2.4 percen compared to $607.7 million for the same year-ag period.
However, excluding stores closed in sales from ongoing stores increased 4 percent comparedc to thesame four-month period last On a comparable store basis, year-to-date sales increased 2.1 percentf compared to 2.4 percent last year. Fred’s opened one new pharmacg in May. Fred’s operates 666 discounr merchandise stores, including 24 franchised stores nationwide. Shares closed down 12 cents to $14.
22 per share
Thursday, September 1, 2011
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